Bauer still on the lookout for further acquisitions

So far this year, the company has bought eight crossword magazines which, according to Bauer's president Witold Woźniak, "Is a segment of the market which could have a promising future". He added that while his company is actively looking to buy more titles, it has not come across any that match its portfolio, or that are reasonably priced in relation to its revenues. Last year the publisher sold its Twój Weekend and Kawaii titles as well as consolidated its printing, which helped reduce overall costs. Bauer closed 2003 with revenues of zł.580.6 million and a net profit of zł.23.7 million. (Rzeczpospolita, p. B4) D.W.